Firehouse Dream Inc
- Assets
- $33.7k
- Revenue
- $220.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Maywood, IL
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-1605150
Organization Overview
Firehouse Dream Inc is located in Maywood, IL. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firehouse Dream Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Firehouse Dream Inc generated $220.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.3% each year . All expenses for the organization totaled $242.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT YOUNG ADULTS WITH A SAFE SPACE TO DISCOVER CREATIVE SKILL SETS AND BE EQUIPPED WITH THE TOOLS NEEDED IN ORDER TO THRIVE IN EVERY AREA OF THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasmine Lopez Executive Director | OfficerTrustee | 40 | $35,731 |
Stephanie Gill President | Officer | 0 | $0 |
Karina Mora Metts Treasurer | Officer | 0 | $0 |
Tiemi Washington Secretary | Officer | 0 | $0 |
Jeremias Lopez Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,369 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,810 |
| Advertising and promotion | $1,770 |
| Office expenses | $14,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $1,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $77,698 |
| Total functional expenses | $242,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,150 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $33,695 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,695 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Firehouse Dream Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Healthy Communities Foundation Riverside, IL PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Marc And Jeanne Malnati Family Foundation Inc Schaumburg, IL PURPOSE: GENERAL OPERATING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Evanston Art Center And Market Evanston, IL | $5,253,080 | $1,872,951 |
Arts Of Life Chicago, IL | $862,987 | $1,651,270 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |